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PrintDec 21, 2007
JPMorgan has been named as the Equity-Linked Bank of the Year and JPMorgan Cazenove the UK M&A Bank of the Year by Financial News, the weekly industry paper published by Dow Jones, in its 2007 Investment Banking Awards.
In its ‘End of Year Class Report’ for the European Investment Banking sector, the paper described JPMorgan as “the most consistent bank in Europe in the past three years,” lauded JPMorgan’s DCM franchise as “a global powerhouse in debt underwriting,” and outlined how the alliance between JPMorgan and JPMorgan Cazenove has “proved its worth” as the firm has “swept the board” in the U.K. M&A market.
Previously this week, JPMorgan was rated the Best Overall Investment Bank by an Institutional Investor magazine survey and picked up eight awards from IFR and IFR Asia.
Commenting on the Equity-Linked Bank of the Year award, Viswas Raghavan, head of International Capital Markets at JPMorgan, said: “JPMorgan has consistently dominated global equity-linked capital markets in the past five years and this year we consolidated our leadership position in the equity-linked product with a number-one ranking globally.”
JPMorgan’s involvement in Fortis’ €3 billion preferred convertible offering to fund the takeover of ABN Amro; its management of the $1 billion Islamic sukuk convertible for Dana Gas; and its management of a $750 million sale for the real estate firm Nakheel was widely praised in the paper’s coverage of the Equity-Linked Bank of the Year award. The paper also recorded how JPMorgan has “dominated the real estate convertible bond boom in Europe, the Middle East and Africa and globally.”
In its coverage of the UK M&A Bank of the Year award, Financial News celebrated the fact that in 2007 JPMorgan and JPMorgan Cazenove have been at the “front and center of some of the UK’s biggest deals.” Further, it cited the bank’s role in advising the London Stock Exchange on the purchase of the Borsa Italiana and in advising Reuters on its £21 billion merger with Thomson as deal highlights for the year.
Commenting on the award, Mark Breuer, head of M&A at JPMorgan Cazenove said: “Combining the advisory skills of JPMorgan and Cazenove's unparalleled client relationships has given us a tremendous platform off which to grow our M&A business further. The results are even more evident in 2007 and this award is welcome recognition of the team's hard work.”
The Financial News awards were based on the judgment of a panel consisting of more than 40 senior investment bankers from across Europe. The panelists were unable to vote for their own firms.